Distribution Rebate Clause Samples

Distribution Rebate. Subject to finalization of the distribution partnership pursuant to Section 12.1 (if any), in condition that there are Gross Margins generated from CloudMinds’ sales of the Products in the China Market, CloudMinds shall grant a rebate to RED for covering the Gross Margin that was derived from the Final Products Price on the LCM Modules as a part of BOM of the Products. The rebate rate would be specified in any separate distribution agreement.